JVCKENWOOD restructures European operations JVCKENWOOD Corporation (JVCKENWOOD) is rebuilding its plant in China while reorganizing its European operations. It will leverage its earnings base by increasing productivity and reducing fixed costs. The company's automotive-related business, Mobility & Telematics Services (M&T), is expected to achieve sales of 200 billion yen (up 0.3% year-on-year) and operating profit of 4 billion yen (up 3.3% year-o...

News  Updated at: 2025/02/12

JVCKENWOOD’s display audio systems adopted by Daimler Truck JVCKENWOOD Corporation (JVCKENWOOD) will start supplying display audio systems to Daimler Truck North America LLC (DTNA) for their Freightliner and Western Star brand trucks from mid-February 2024. It is the company's first delivery of products to the US commercial vehicle manufacturer. JVCKENWOOD aims to win new orders primarily in the North American market, where the demand for displ...

News  Updated at: 2024/02/02

JVCKenwood's subsidiary in Shanghai halts business activities JVCKenwood Corporation (JVCKenwood) announced that its subsidiary in China, Shanghai Kenwood Electronics Co., Ltd. (SKE), has terminated its business activities at the end of September 2023. SKE was a manufacturer of car navigation systems and audio products. JVCKenwood had been pursuing transferring SKE equity. On October 20, 2023, an agreement was reached to transfer the equity to a ...

News  Updated at: 2023/10/23

JVCKENWOOD receives strong orders from automakers turning net income into surplus JVCKENWOOD Corporation (JVCKENWOOD) has received strong orders from automakers. The company has started shipping communicating drive recorders as genuine products of domestic Japanese manufacturers and has also received orders for transactions from 2025 onwards. The company has started receiving orders for transactions from 2025 onward and shipments of communication...

News  Updated at: 2023/08/03

In-vehicle multimedia business faces critical moment following rise of smartphones; Returning to domestic production and splitting companies The in-vehicle multimedia business, including car navigation systems, is facing a critical moment with the rise of smartphones. JVCKENWOOD Corporation (JVCKENWOOD) will proceed with the return of its production bases to Japan by closing its plant in Shanghai, China, which manufactures car navigation systems,...

News  Updated at: 2023/05/02

JVCKENWOOD's new mid-term plan includes car navigation production in Japan and expansion of speaker sales overseas JVCKENWOOD Corporation (JVCKENWOOD) has announced VISION2025, its new mid-term management plan through FY2025. Through its Mobility & Telematics Services Sector (M&T), it aims to sell in-vehicle speakers to automakers outside Japan. In contrast, the car navigation business is rushing to return to the Japanese domestic market to impro...

News  Updated at: 2023/05/02

nt such as car navigation systems from Singapore to Japan by the end of March. The company has already transferred the production of aftermarket car navigation systems from Indonesia and China to Japan. JVC KENWOOD, which aims to improve the efficiency of its development division, will close its “JVCKENWOOD Technologies Singapore Pte. Ltd.” research site. The company has been shifting production to Japan as part of its “manufacturing innova...

News  Updated at: 2023/02/21

JVCKENWOOD receives USD 170 million order from foreign automaker JVCKENWOOD Corporation (JVCKENWOOD) announced that it has received an order involving a large project in its Mobility & Telematics Service operations from a foreign automaker. The total order size amounts to USD 170 million (JPY 25.16 billion). Masatoshi Miyamoto, Representative Director of the Board, Senior Managing Executive Officer, Chief Financial Officer of JVCKENWOOD, has desc...

News  Updated at: 2022/11/04

JVC KENWOOD to strengthen production capacity for car navigation systems in Japan JVC KENWOOD Corporation (JVC KENWOOD) will begin to increase its production capacity for car navigation systems in Japan. The company’s main production subsidiary for car navigation systems, JVCKENWOOD Nagano Corporation (JVCKENWOOD Nagano), will install additional production lines, and will improve production efficiency and lead time by utilizing robots and unman...

News  Updated at: 2022/07/27

JVCKENWOOD to suspend business activity for Russia On April 13, JVCKENWOOD Corporation (JVCKENWOOD) announced that it will suspend its business activity for Russia in response to the Russian military attack on Ukraine. It will suspend shipping all products including in-vehicle products to the country. The Russia-related business accounts for 0.3% of JVCKENWOOD’s total consolidated sales and so the company’s business performance will be virtua...

News  Updated at: 2022/04/14

SmartDrive and JVC KENWOOD to partner with corporate telematics service SmartDrive Inc. (SmartDrive) in Chiyoda Ward, Tokyo and JVCKENWOOD Corporation (JVC KENWOOD) announced that they would form a business alliance and start providing a platform for corporate telematics services in August. It will provide a service platform for automakers that provide telematics services by linking data between the driving data utilization service "Mobility Data...

News  Updated at: 2021/07/02

JVCKENWOOD creates new midterm management plan; aiming to develop new areas for growth JVCKENWOOD Corporation announced that it had created a new midterm management plan, "VISION 2023," which the company will work on during FY 2021 - 2023. In the new midterm management plan, the telematics business, which is expected to grow, will be incorporated into the automotive field. A new field for growth will be established by strengthening the profit bas...

News  Updated at: 2021/05/18

JVCKENWOOD develops new technology that reduces double image of HUD JVCKENWOOD Corporation (JVCKENWOOD) announced that it has developed a technology to reduce the double image of the head-up display (HUD). The company realized a design that does not use special glass by optimizing the optical paths for front and back reflections of glass, which has been a factor in increasing costs. It will aim for the product to be used in vehicles equipped with...

News  Updated at: 2021/04/19

Semiconductor shortage negatively impacts JVC KENWOOD parts procurement JVCKENWOOD Corporation (JVCKENWOOD) announced at its April - December 2020 financial results meeting that the semiconductor shortage is affecting its parts procurement. The uncertain delivery date for procured parts may continue until this summer. While business performance has recovered from what the company had expected in the October - December 2020 period, the full-year o...

News  Updated at: 2021/02/02

JVCKENWOOD to run automated solution system using edge AI camera in drive recorder inspection process JVCKENWOOD Corporation announced that it will start running an automated solution system using an edge artificial intelligence (AI) camera in the process of inspecting drive recorders. The edge AI camera is designed to perform AI processing on the camera side and differs from the traditional camera, which performs AI processing of videos and imag...

News  Updated at: 2020/11/16

NTT Docomo to enter communication-type drive recorder market On November 13, NTT Docomo, Inc. (Docomo) announced that it will enter the communication-type drive recorder market. By coordinating a communication-type drive recorder with a built-in eSIM jointly developed by Docomo and JVCKENWOOD Corporation (JVCKENWOOD), a cloud system, and a smartphone, Docomo’s driver support service offers the functions of recording videos and position informat...

News  Updated at: 2020/11/16

JVCKENWOOD to strengthen DX business JVCKENWOOD Corporation (JVCKENWOOD) will review its automotive business and strengthen its DX (digital transformation) business. The company will downsize human resources as well as research and development sites in the fields of automotive navigation and audio systems, in order to allocate these resources to its DX business that offers telematics services, mainly in the growing field of communication-type dri...

News  Updated at: 2020/02/07

JVCKENWOOD enters into flying car sponsoring agreement with Cartivator JVCKENWOOD Corporation (JVCKENWOOD) announced on September 19 that it has signed a sponsoring agreement with Cartivator, an organization that develops flying cars. JVCKENWOOD will provide industrial digital wireless devices and technical support by utilizing its strength in wireless technology and know-how to contribute to safe flying car operations. Cartivator, which consists...

News  Updated at: 2019/09/20

JVCKENWOOD transfers all ZMP shares to ZMP JVCKENWOOD Corporation (JVCKENWOOD) announced on September 6 that it has completed the transfer of all ZMP Inc. (ZMP) shares it owns to ZMP. JVCKENWOOD acquired the ZMP shares in December 2013 for the collaboration in the advanced driver assistance system (ADAS) business. However, the degree of association between their businesses will be low in the future, and owing these shares has become less signific...

News  Updated at: 2019/09/10

JVCKENWOOD sets goal for solution business sales of JPY 10 billion in FY 2019 JVCKENWOOD Corporation (JVCKENWOOD) will focus on three business fields: automotive products such as car navigation systems; public service such as wireless and health care services; and media services such as video cameras. The company established a DX business department in April in order to develop solution businesses by adopting digital and other companies’ expert...

News  Updated at: 2019/07/29